Peregrine Technologies announced raising the capital in a round led by Vektor Partners and Brandenburg Kapital.

Peregrine Technologies, a Berlin, Germany-based SAAS developer used for traffic video analysis, announced that it secured fresh funding in a capital investment raise.

The money was raised from investors from germany led by Vektor Partners and Brandenburg Kapital, a subsidiary of the Brandenburg development bank ILB.

The proceeds will be used for further growth and product development.

Peregrine Technologies, founded in 2019 by Steffen Heinrich, Jorit Schmelzle and Naja von Schmude, developed a next-generation software technology for real-time traffic and video analysis. The tool provides context-based information for drivers, fleet operators and service providers such as insurance companies.